February 04, 2012 -- Updated February 01, 2012 11:09 HKT
Europe
The Shrinking Economy of Britian
Britain’s economy to shrink 0.1% in Y 2012 Britain’s economy is forecast to shrink 0.1% in Y 2012, but to rebound in Y 2013 as the EuroZone debt crisis is resolved, according to a research report out Friday. The National Institute of Economic and Social Research (NIESR) said Britain’s economy is estimated to grow 2.3% [...]
Greece fights for Euro
Greece fights for Euro, seeking 2nd rescue funding Greek officials are negotiating with representatives of the European Commission, the European Central Bank and International Monetary Fund, and Deutsche Bank AG Chief Executive Officer Josef Ackermann may travel to Athens this weekend for talks over a swap involving Greek debt with a face value of about [...]
Barclays Capital Buys Metals
Barclays Capital says “heavily overweight” precious and base metals Analysts at Barclays Capital, in their monthly Commodity rankings, gave a “heavily overweight” rating to the base and precious metals sectors, “slightly overweight” to agriculture and “underweight” to energy. “Better-than-expected economic data have helped to ease concerns over the outlook for Global growth,” Barclays says. “The [...]
China and Europe Economic Ties
China considers more ways to help address Europe’s debt issue China is considering “involving itself more deeply into” the efforts to address Europe’s debt issue through channels like the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM), Chinese Premier Wen Jiabao said on Thursday. Wen made the remarks at a joint media [...]
EU forbids Deutsche Boerse-NYSE merger
EU forbids Deutsche Boerse-NYSE merger on anti-trust issues The European Commission issued a verdict Wednesday that said no to the proposed merger between Deutsche Boerse and NYSE Euronext. According to a statement by the Commission, the proposed merger “would have resulted in a quasi-monopoly in the area of European financial derivatives traded globally on exchanges”. [...]
Austerity Hits Italian Jobs
Italy’s unemployment rate hits record high since Y 2004 Italy’s unemployment rate reached 8.9% in December 2011, a record-high level since Y 2004, the national statistics agency Istat said Tuesday. According to the Istat, 2.24-M Italians did not have a job at the end of last year. The problem was most severe for youngsters, with [...]
US Steel Corp (NYSE:X) Fails in Serbia
Serbia buys back US Steel Serbia for US$1.00 X The Serbian government on Tuesday repurchased its sprawling steelworks in Smederevo for a symbolic sum of $1.00 from US Steel Corp (NYSE:X) Prime Minister Mirko Cvetkovic and David J. Rintoul, vice president for European operations for US Steel, signed the contract whereby ownership would revert to [...]
Germany Economic Report
German unemployment drops to 20-yr low defying crisis German unemployment reached a new record lows in January, adding to signs that Europe’s biggest economy is still keeping distance with the debt crisis shaking much of the EuroZone and will return to growth this Spring, official data showed Tuesday. The German economy ministry reported that the [...]
EU and Budgets
EU summit finalizes fiscal treaty, vows to boost growth European Union (EU) leaders have finalized a new fiscal treaty for tighter budgetary discipline and pledged to boost economic growth and youth employment in the EuroZone’s latest efforts to combat debt crisis. At their Summit that concluded Monday, EU leaders strove to strike a balance between [...]
Airbus A380 Problems Continue
Singapore Airlines says wing cracks found in 6 Airbus A380 Singapore Airlines confirmed Tuesday that cracks have been discovered in the wing brackets of 6 Airbus A380 aircraft following mandatory checks. The airline said that checks have been carried out on the 6 aircraft since 20 January. The inspections are mandated by the European Aviation [...]
market news
One of the biggest advantages of investing in small-cap Private Placements is the opportunity to participate at the same rate an institution would be investing. Our Private …
Dividend-paying stocks have a long history in investors’ portfolios and Emerging markets are outpacing their developed peers economically.
ASEAN Stars are 210 ASEAN Stocks representing the 30 blue …
Hua Hin International Film Festival a Success
The 1st Hua Hin International Film Festival proved to be a huge success as Producers, Actors, Directors, Financiers and Studios came …
The Hot List
American Estates Management Company PINK:AEMC is a firm that specializes in the purchase and sale of royalties and mineral rights from estates and individuals. AEMC buy royalty …
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